A.M. Best Co. announced that it has withdrawn the financial strength rating of “B++” (Very Good) of Corifrance (Compagnie de Reassurance d’Ile de France).
Best said the action follows “the announcement that the company has ceased writing business and is to be sold to Riverstone (a subsidiary of Fairfax Corporation).
This rating has now been moved to NR-3 (Rating Procedure Inapplicable).”
Was this article valuable?
Here are more articles you may enjoy.
Trump’s EPA Rollbacks Will Reverberate for ‘Decades’ 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
